Business

This week we honour our workers at Algoa FM – the people behind the scenes who keep you tuned in to the Eastern Cape and Garden Route’s favourite radio station.

An interesting portrait of the lifestyle of the average Algoa FM listener can be painted using recent surveys by BrandMapp and Colony Live.

Motorists can expect a steep increase in fuel prices next week.

Servicing debt is expected to cost the government 382 billion rand this year, more than three times what the crime-ridden nation spends on police.

A subsidiary of African Equity Empowerment Investments (AEEI), a JSE holding company majority-owned by a vehicle owned by the colourful Dr Iqbal Survé, has seen a large sum of money transferred from its bank account in an apparent fraud. There is no explanation, nor has any culprit been identified.

The two founders of Dis-Chem, along with other directors and prescribed officers at the group, have sold its head office and Midrand distribution centre to the group in a transaction valued at nearly half a billion rand.

Tongaat Hulett appears to be inching its way towards liquidation as the (currently suspended) JSE-listed sugar producer and property developer’s business rescue process increasingly becomes bogged down by legal challenges. There is a credible international buyer [Lusitania] who wants to buy Tongaat’s Mozambican operations for R4 billion. That is more money than the preferred bidder was prepared to pay for the whole group

The RMB/BER Business Confidence Index (BCI) slipped by two points to 31 in the fourth quarter of 2023.